Multiple Choice
Mega Skateboard Supplier had net sales of $2.8 million,its cost of goods sold was $1.6 million,and its net income was $0.9 million.Its gross margin ratio equals:
A) 32%.
B) 175%.
C) 43%.
D) 57%.
E) 56%.
Correct Answer:
Verified
Correct Answer:
Verified
Q42: Sales less sales discounts less sales returns
Q45: On September 12,Vander Company sold merchandise in
Q46: On September 12,Vander Company sold merchandise in
Q48: Beginning inventory plus net purchases is:<br>A)Cost of
Q49: From the adjusted trial balance for Brookstone
Q51: Products that a company owns and intends
Q52: All of the following statements regarding inventory
Q53: A _ inventory system updates the accounting
Q54: A company has net sales of $825,000
Q55: Merchandise inventory:<br>A)Is a long-term asset.<br>B)Is a current